proving-up

German translation: zu beweisen, zu untersuchen

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00:13 Aug 25, 2002

English to German translations [PRO]Marketing / natural gas exploration

English term or phrase:proving-up

From a script targeting potential investors in US natural gas reserves
ABC, a drilling and exploration company with vast holdings in the Rocky Mountains, has agree to 'farm out' a portion of its holdings to the fund.

In return, ABC operates the wells as they are drilled and completed, and privides the technical expertise and management experience to ensure the projects are successful. ABC is willing to farm out these properties as a means of proving-up the remainder of the company's holdings.

I would like to thank everybody for their contributions.
I came up with the following solution:ABC ist bereit, diese Gebiete zur Verifizierung des Wertes der übrigen Bestände des Unternehmens auszulagern.

Answers

35 mins confidence:

(finanziell) absichern

Explanation:having searched on the web, this seems to be a possibility, but I have to admit, it's more a guess than anything. I looked through several exploration websites and it looks as if it's to do with making something sure, mainly financially. Maybe someone can confirm my findings/suspicions.

I just spend a lot a time searching Google and it seems that this term was originally used in land contracts as a sort of legal insurance. Here is a short excerpt:
The "Proving Up" Form
To actually claim legal title to land at the end of 5 years homesteaders had to complete a "Proving Up Form". You had to prove that the improvements required had been done. And to prove it you had to find two neighbors etc.....

After checking the translation to "Proving Up" in at least 12 different sites, it was always left as 'Prüfung herauf', or nach der Prüfung herauf Zeit. In one case it was translated as 'Bestätigungs Phase'.

I know that this is a very verbal translation, but maybe it should be left that way?
Hope I could be of help and good luck.

I would like to thank everybody for their contributions.
I came up with the following solution:ABC ist bereit, diese Gebiete zur Verifizierung des Wertes der übrigen Bestände des Unternehmens auszulagern.